1. What is the Chemxpert database?

Chemxpert database is a techno-commercial information platform developed and operated by Lifescience Intellipedia Pvt. Ltd. Our data provides valuable insights regarding sourcing, marketing, development, and regulatory functions for the entire Lifescience industry. The different industries covered by our data encompass APIs, FDFs, pharma intermediates, paints, dyes, polymers, biotechnology, biochemical, food additives, nutraceuticals, etc.

2. How can I subscribe to the Chemxpert database?

You can gain access to the Chemxpert database after subscribing to it by visiting this link: - https://chemxpert.com/pricing

3. How many countries' data is available on your portal?

The Chemxpert database covers more than 200 countries. We are working in the direction of expanding our data coverage in more countries.

4. What are the different sources you use for obtaining information?

The different sources we use for data collection are as follows: - • Primary researc • DMF, ANDA, & CEP list • Conferences, Exhibitions, & Tradeshow • Company annual reports • DMF, ANDA, & CEP list • Subject matter experts & KOL survey. Apart from these, our other valuable sources include application-wise manufacturers list, subscribed and non-subscribed databases, corporate partners, US FDA Orange book, publicly available sources, industry associates, national statistics, regulatory websites, etc. You can gain access to the Chemxpert database after subscribing to it by visiting this link: -https://chemxpert.com/sources

5. What is the expected time for account activation?

Your Chemxpert account will be activated instantly if the payment is made through our website. If you choose to use RTGS, NEFT, or IMPS systems for payment, your account will be activated within 24 hours.

Pharma Marketing Future Trends and Insights for 2024

Admin
20 February 2024

The pharmaceutical sector is a fast moving and developing industry. Let us look at the key criteria that are going to determine the future of pharmaceuticals marketing, pharma industry and pharmaceutical market trends as we move towards 2024.

Pharma Marketing Trends

Personalization: Personalization has become easier and more effective with the rise of artificial intelligence and machine learning. A 2000% return on investment is achieved by firms that invest in advanced personalization.
Video Content: A video is an efficient way to promote goods and services. With trends such as virtual reality videos, artificial intelligence created video and personalized video content becoming more common, the industry is beginning to pay greater attention to video marketing.

Market size

In 2024, the projected revenues on the pharmaceuticals market are expected to reach USD 1,156.00 billion. Among others, world pharma market size of oncology drugs is highest with the volume of USD 214.10 billion in 2024. (Courtesy: Statista)

Pharma Industry Trends

Digital Transformation: Digital technologies are becoming increasingly used by pharmaceuticals, with a view to improving the efficiency of operations and enhancing product quality control.
Regulatory Compliance: Compliance with regulations continues to be a major concern for the pharmaceutical industry. Companies are expected to follow safety guidelines with a view to minimizing the risk of adverse reactions.
Focus on Sustainability: In order to reduce their carbon emissions, the industry has taken steps toward a greener pathway for manufacturing of their products.

Pharmaceutical Market Trends

Integration with Real-World Data: The natural history of diseases and their effectiveness are better understood through clinical research in combination with real world data.
Innovation-Driven Growth: The industry is expected to grow to USD 120-130 billion over the next ten years, driven by innovation.

Growth Rate

The global pharmaceutical industry growth rate was facing many new challenges during past couple of years. COVID-19 vaccines was one of the new factor that significantly affected markets during the period of 2021 and 2022, showing changes in the result by 17.3% and 6.8%, respectively. But the growth rate increase only by 0.5% in 2023. As highly influenced by the Asia-pacific region, the output for 2024 will grow with the rate of 4.6%, increasing sales by 5.1%. (Courtesy: Horton International)

Role of Chemxpert Database in Lifesciences Industries

The Chemxpert database offers quality insights on buyer, supplier, R&D, marketing and regulatory requirements, making it important tool for the life sciences industry. As shown in the content below, it has a widespread impact on the industry:

Compound Identification: These insights offers comprehensive details on chemicals, giving the researcher an opportunities to identify required chemicals and have all the important data.
Drug Development: This data helps to evaluate the properties of previously existing compounds, which supports in the development of novel drugs.
Regulatory Compliance: This database provide the insights related to regulatory compliance for each compound which helps to ensure that chemicals adhere to safety guidelines.
Research and Development: Due to presence of Chemxpert database, insights are available for every aspect of drug. It promotes the process by eliminating the need for unnecessary tests.

Conclusion

In conclusion, due to technological progress, legislative changes and the increasing importance of actual world data, the pharmaceutical industry is in a state of substantial transformation by 2024. In managing these changes and driving innovation in the sector, tools such as the Chemxpert Database will play a key role.